To amend the Agriculture, Rural Development, Food and Drug Administration, and Related Agency Appropriations Act, 2026, to delay the implementation of amendments made by such Act to the hemp production provisions of the Agricultural Marketing Act of 1946.

HR7010, introduced by Rep. Baird (R-IN) on January 12, 2026, proposes a two-year delay (from November 12, 2026 to November 12, 2028) in the implementation of new federal controls on hemp products that were enacted in the FY2026 agriculture appropriations act (P.L. 119-37). The bill is currently in early legislative stages, having been referred to the Subcommittee on Forestry and Horticulture on May 20, 2026. With only 4 cosponsors and no committee markup or floor action, the probability of passage in its current form is negligible. The bill authorizes no funding—it merely extends a regulatory effective date. Real market data shows $SMG down 10.7%, $TLRY down 8.44%, and $CGC down 5.08% over the past 7 days, driven by broader sector dynamics rather than this procedural bill. No specific companies are directly impacted because the bill does not alter current law until November 2026 at the earliest, and its passage is highly uncertain. The legislative path requires full committee consideration, House and Senate passage, and presidential action—steps unlikely to occur given the bill's low priority.